"Bitcoin is a fraud because, much like government money, it has no fixed value. Because it doesn’t it’s become an investment, or a speculation, as opposed to a measure that facilitates trade and investment. Sorry Bitcoin enthusiasts, your coin is not money. Money is a stable measure, while Bitcoin’s value bounces around. While some are free to view it as a refuge from the U.S. Treasury and other monetary authorities, it’s incorrect to call it money. Dimon is again half right. He’d be 100% right if he acknowledged that the dollar similarly has fraudulent qualities for its value – like that of Bitcoins – constantly moving around."

ShelbyGT500 wrote:"Bitcoin is a fraud because, much like government money, it has no fixed value. Because it doesn’t it’s become an investment, or a speculation, as opposed to a measure that facilitates trade and investment. Sorry Bitcoin enthusiasts, your coin is not money. Money is a stable measure, while Bitcoin’s value bounces around. While some are free to view it as a refuge from the U.S. Treasury and other monetary authorities, it’s incorrect to call it money. Dimon is again half right. He’d be 100% right if he acknowledged that the dollar similarly has fraudulent qualities for its value – like that of Bitcoins – constantly moving around."

Congratulations to the WSJ for being the 166th, and now most recent entry on the "Bitcoin Obituaries" list which will continue to grow in infamy as these authors are proven wrong yet again, and again, and again, and again and 161 more agains.

Jamie Dimon and JPM Chase are facing a Market Abuse claim in Europe for manipulating the price of Bitcoin. The charge alleges that he knowingly spread "false and misleading" information to push down the price of BTC. In fact, he doubled down on it late in the week. I guess JPM wanted a bigger BTC position.